Intel CEO Pat Gelsinger Quits Amid Losses and Layoffs

Intel CEO Quits: Pat Gelsinger steps down as Intel CEO after major challenges.

Leadership Shuffle: David Zinsner & Michelle Johnston Holthaus named interim co-CEOs.

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Big Challenges Ahead: Intel struggles in chip tech, trailing AMD & Nvidia.

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AI Craze Pressure: Rival chips dominate as Intel faces AI-fueled demand.

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Record Losses: Intel reported a $16.6 billion quarterly loss in October.

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Mass Layoffs: Over 15,000 employees laid off, including hundreds in California.

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Government Support: Intel lands $7.86B grant, $3B Defense deal to boost US chipmaking.

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CEO’s Legacy: Gelsinger served as Intel’s CEO since 2021, leaving amid tough decisions.

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Intel’s Goal: Aims for "leaner, simpler, more agile" operations to restore investor trust.

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1. New Leader Wanted: Intel hunts for a CEO to rebuild and tackle rising industry challenges.

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Travis Kelce, Kayla Nicole & Taylor Swift Fans: A Drama-Filled Triangle

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